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Rent To Own Homes in Mattoon, IL

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Mattoon, IL Foreclosures

How much do homes sell for in Mattoon, IL?
The average home price is currently $158,726.
In Mattoon, IL, how many homes are available?
There are currently 16 active home listings available in Mattoon.
What’s the average rental cost in Mattoon, IL?
The average rental price in Mattoon is $1,035.
What is the most expensive home in Mattoon?
The most expensive home sold in Mattoon had a price of $9,634,281.
What is currently the cheapest priced home in Mattoon, IL?
The cheapest home for sale in Mattoon is priced at $10,021.

Living in Mattoon, IL

Mattoon, located in east-central Illinois, is known for its rich history and friendly community atmosphere. With a small-town charm, Mattoon offers various amenities, parks, and recreational activities suitable for families and individuals alike. The city is well-connected, making it an ideal place for those who seek both tranquility and accessibility.

Current Market Conditions in Mattoon, IL

The real estate market in Mattoon has shown a steady increase over the past few months, attracting a mixture of first-time homebuyers, families, and retirees. Due to its affordability compared to larger metropolitan areas, Mattoon is becoming a preferred destination for those looking to relocate to a more peaceful environment with cost-effective living options.

Recent home sales have seen an uptick, driven by low-interest rates and a focus on suburban living. The market remains competitive, with listings often selling quickly, particularly those in desirable neighborhoods near schools and parks.

Home Value Estimator For Mattoon, IL

There are currently 8,233 real estate properties in Mattoon, IL, with a median automated valuation model (AVM) price of $114,666.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Mattoon, IL, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Mattoon, IL, is $158,726.00, with the most expensive house in Mattoon, IL, topping out at $9,634,281.00 and the cheapest home in Mattoon, IL, clocking in at $10,021.00. In other words, there’s something for every potential homebuyer or savvy investor in Mattoon, IL!

Rent Prices In Mattoon, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Mattoon, IL, is on a rollercoaster ride. The average rent price in Mattoon, IL, is $1,035.00. Indeed, when looking to rent in Mattoon, IL, you can expect to pay as little as $440.00 or as much as $2,300.00, with the average rent median estimated to be $980.00. The good news is that finding an affordable and desirable property to rent in Mattoon, IL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Mattoon, IL Rent To Own Homes

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